Fitch Downgrades Seven Sri Lankan Insurers’ National IFS Ratings to reflect changes in the relative creditworthiness among Sri Lankans
Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating…
Asset risk looms over Sri Lankan insurers
Sri Lankan insurers are facing heightened asset risk due to the country’s weaker credit profile and lower national ratings of several state-owned and private institutions, a Fitch Ratings report said.…